How to become a billionaire in the next 5 years?

People do not become billionaires by accident. Demystify as many of the variables as you can before you assemble a plan, such as interest rates, tax brackets, dividends and so on. Take a class online or at a university on finance, read books about investing and know the rules.

It takes money to make money. Take a certain amount of money out of your paycheck as soon as you get paid and put it in a savings account, to be used for future investments or to simply collect interest.

Available from most financial institutions, IRAs are customizable financial plans that you can set up to start saving for the future. If you want to end up saving an amount of money that ends with nine zeroes, you need to do this as soon as possible. You’ll accrue interest on your savings and elect to take an amount of risk in investments to make money off the money you have.

It’s hard to get ahead if you have debts of any kind hanging over your head. Student loans and credit card debt needs to be paid off as soon as possible. The average annual percentage rates vary anywhere between 20% and 30% which means the balance will end up keep growing if you don’t get on top of it sooner rather than later.